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The market has kick-started the truncated week in red. The Sensex is down 94.31 points or 0.4 percent at 25424.91 and the Nifty is down 16.30 points or 0.2 percebt at 7745.65. About 356 shares have advanced, 183 shares declined, and 54 shares are unchanged. Sun Pharma is down 6 percent followed by Infosys, Wipro, HUL and Reliance are major losers in the Sensex. Among top gainers are Hindalco, Tata Motors, Bharti Airtel, Hero MotoCorp and Lupin.

Sun Pharmaceutical shares fell as much as 7.5 per cent to Rs 731 after India's biggest drugmaker disclosed that it has received a "warning letter" from US regulator over violation of manufacturing standards at its Halol plant in Gujarat, which is its largest manufacturing faciltiy.